Weaker position for holders of banks' unsecured bonds
Pylkkönen, Pertti (20.11.2012)
Numero
2
2012
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:bof-201408075201Tiivistelmä
The structure of funding for European banks has changed, with a rapid increase in the proportion of balance sheet items encumbered as collateral, particularly in the crisis countries. This weakens the position of holders of uncovered bonds if a bank goes into liquidation.